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DEVELOPMENT AGREEMENT <br />29 <br />Implementation <br />Framework <br />•Vests Planning Approvals <br />•Phased Construction <br />•10 yr +5 yr extn. <br />•Timing of Public Benefits <br />•Requirements Prior to <br />Construction include: <br />o Additional technical <br />development details <br />o Construction Phasing and <br />Management Plans <br />o Transportation Demand <br />Management Plan <br />Developer Obligations <br />•Site & Public Improvements <br />•Park Promenades, Monarch <br />Bay Dr, Mulford & Pescador <br />Point Dr, golf course <br />•Site Preparation & Sea <br />Level Rise Mitigation <br />•Participate in Community <br />Facilities District <br />•Provide Community Benefits <br />City Obligations <br />•Community park <br />•Harbor clean-up <br />•Impact Fee Credits per <br />code <br />•Support timely processing <br />of future permits to <br />implement vested project <br />approvals <br />•Procedure for assignment <br />of development rights and <br />responsibilities <br />Attachment B